LTIMindtree Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹1,35,213 Cr
- Book Value
- ₹810
- Stock P/E
- 24.1
- Dividend Yield
- 1.64%
- ROE
- 23.1%
- ROCE
- 29.6%
- PEG Ratio
- 1.06
- EV/EBITDA
- 15.1
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·LTIMindtree (LTM) Ltd closed at ₹4,564.40 on 19 August 2026, up 0.0% on the day, 10.4% above its 50-day average, 29.0% below its 52-week high, with volume at 0.98× its 20-session average.
- RSI 14
- 56.3
- vs 50-day SMA
- +10.4%
- vs 200-day SMA
- -6.3%
- From 52-week high
- -29.0%
- Relative volume
- 0.98×
- 20-day return
- +14.6%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
LTIMindtree share price today
LTIMindtree (NSE: LTM, renamed from LTIM with the move to LTM Ltd) is India’s sixth-largest IT services company — the 2022 merger of L&T Infotech and Mindtree, backed by the L&T group’s 68.5% ownership. The stock has spent three years going nowhere: down 11% over one year, 29% below its 52-week high, flat over five.
Meanwhile, the June 2026 quarter just printed profit growth of 17% year-on-year with margins at their best level since the merger. When a stock’s price and its operating direction disagree this openly, one of them is wrong. Let us check which.
The setup: a merger that finally digested
The L&T Infotech–Mindtree merger promised scale and delivered indigestion — culture clashes, client overlaps, leadership churn, margins stuck near 16%. That era is ending on the numbers: a new CEO took charge in 2025, operating margin has climbed from 16% to 18–19%, and the order book has turned (AI-led deals under the “BlueVerse” platform, fresh partnerships with Cognition and Glean signed in July 2026).
The franchise underneath was never broken: 29.6% ROCE, 44% dividend payout, near-zero debt, ₹12,568 Cr of investments on the books.
The numbers
From Screener.in, consolidated:
| Year | Sales (₹ Cr) | OPM | Net profit (₹ Cr) | EPS (₹) |
|---|---|---|---|---|
| FY24 | 35,517 | 18% | 4,585 | 154.72 |
| FY25 | 38,008 | 17% | 4,602 | 155.21 |
| FY26 | 42,308 | 18% | 4,983 | 169.25 |
| TTM | 44,075 | 18% | 5,197 | 176.40 |
Two flat years (FY24–25 — the industry-wide IT winter plus merger drag), then FY26 broke the stall: sales +11%, profit +8%, and the exit quarters running much hotter.
Quarterly review — the inflection
| Quarter | Net profit (₹ Cr) | EPS (₹) | OPM |
|---|---|---|---|
| Sep 2025 | 1,381 | 47.27 | 19% |
| Dec 2025 | 960* | 32.74 | 19% |
| Mar 2026 | 1,387 | 46.96 | 17% |
| Jun 2026 | 1,469 | 49.43 | 18% |
*December carried a one-off ₹363 Cr negative in other income — the operating line stayed at 19%.
June profit up 17% year-on-year, the fastest growth among large Indian IT companies this quarter (TCS, Infosys and HCL are growing profit at 5–9%). The margin-repair thesis is now visible in four consecutive prints.
Balance sheet and cash flow
- Effectively net cash: ₹2,310 Cr of borrowings (mostly leases) against ₹24,025 Cr of equity and ₹12,568 Cr of investments.
- FY26 free cash flow of ₹3,890 Cr — cash conversion near 90% of operating profit, year after year.
- Dividend payout 44% and rising with earnings.
Shareholding
L&T holds a rock-steady 68.49% — strategic parentage that guarantees deal flow (the L&T ecosystem is itself a client) and rules out takeover drama. FIIs hold just 6.3% (down from 8.7% two years ago) — the unloved corner of an unloved sector — while domestic funds have raised their stake every single quarter to 16.7%. The float is small; when sentiment turns on IT, small floats move fast.
Valuation — the cheapest quality in large IT
At ₹4,558: 24× trailing earnings, 15× EV/EBITDA, PEG ≈ 1.06 on its five-year profit record. Among large Indian IT names, only Wipro and Infosys trade cheaper — and neither grew profit 17% last quarter. LTIM at 24× versus its own history (30–40× through 2021–22) is the derating already done; the growth inflection is the part the price has not caught up with.
LTIMindtree share price target 2026 to 2030
EPS base ₹176.40 (TTM). Scenarios: bear 6% growth at 17× (IT winter resumes, AI cannibalises services pricing), base 11% at 21× (margin repair completes, deal wins convert), bull 15% at 25× (AI-led re-acceleration with L&T ecosystem tailwind).
Base case: roughly +23% by 2030 plus a ~1.6% yield — modest, honestly stated, because IT services is now a mid-growth industry. The bull case requires believing this quarter’s 17% is a trend, not a bounce. The bear case prices a genuine AI-disruption scenario for the services model — the one risk that deserves respect.
Reasons to own LTIMindtree
- Fastest profit growth among large IT right now (+17% YoY) at the sector’s most reasonable quality multiple.
- Margin repair with room left: 18–19% versus a 22% pre-merger benchmark — every point is ~₹450 Cr of profit.
- L&T’s 68.5% — parentage, deal flow, and no governance surprises.
- 29.6% ROCE, net cash, 44% payout — franchise economics intact through the winter.
- AI positioning turning tangible (BlueVerse platform, Cognition/Glean partnerships) rather than press-release-only.
- Small float + universally bearish IT sentiment = the setup for sharp re-ratings when flows return.
Risks: generative AI genuinely deflates pricing for commodity services work — the whole sector’s terminal-growth question; client concentration in BFSI/North America; and if the margin repair stalls at 18%, the base case slips a year.
What to weigh at the current price
The tension is whether post-merger margin repair and AI-led deal wins can revive growth before automation weakens pricing and client concentration becomes more costly.
FAQ
What is the LTIMindtree share price target for 2030? The table above presents bear, base and bull scenarios for every year to 2030; the arithmetic follows the stated growth and valuation assumptions.
Why has LTIMindtree fallen while results improved? Sector-wide IT pessimism plus merger fatigue kept the multiple compressed even as Q1 FY27 profit grew 17% — the fastest among large Indian IT companies.
Did LTIMindtree change its name? Yes — the company is formally renamed LTM Ltd in 2026, and the NSE ticker moved with it from LTIM to LTM. The brand remains LTIMindtree in most client markets, so both names stay in circulation; if your broker statement still shows LTIM, it is the same holding.
Is LTIMindtree better than TCS or Infosys right now? It is growing profit faster (17% vs 5–9%) at a comparable multiple, but with less scale and a shorter track record as a merged entity. We treat it as the growth-value pick within large IT, not a like-for-like replacement.
When are LTIMindtree’s next results? Q2 FY27 would ordinarily be expected around mid-October 2026; confirm the announced date through the results calendar and exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises — technology shifts, currency and demand cycles can push prices outside every band shown. Do your own research and consult a registered adviser before acting.